March 21, 2008 As Arab States continue to build for the future using oil-buoyed economies, the region is beginning to explore the concept of creating designer islands. Dubai gave the idea currency with its megadollar World and Palm projects, effectively showing the world how to build artificial realty. Neighbouring Qatar came up with the Pearl, and now Bahrain is in the process of building Reef Island at a cost of BD 450 million (US$ 1.20 billion). Of course you could always go for a floating island.